Market Scenario: Enriched flour is a major ingredients in the bakery & confectionery products. Product innovations in the bakery & confectionery industry is the major factor for the increasing growth of enriched flour market. Moreover, increasing busy lifestyles of the consumers has resulted in the rising consumption of convenience food which in turn escalates the sales of bakery & confectionery products.
Global enriched flour market is segmented majorly by source, application, and enrichment. Based on the source, Cereals are the most popular source of enriched flour among the manufacturers. Cereals include wheat, rice, corn and other cereals. Cereals are accounting for significant market share in the enriched flour market. Among the cereals segment, wheat is the most attractive sources among the manufacturers of enriched flour. Among the application, prepared meals is one of the attractive application among the manufacturers of enriched flour. The demand of the ready meals is increasing significantly due to various factors. Prepared meals is quick and cost effective solution as compare to the traditional meal among the consumers. Due to the hectic lifestyles, consumers prefer ready-to-eat meals that reduces the preparation or cooking time, thereby leading to the growth of the overall market.
The global enriched flour market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America region is accounting for 30.8% market proportion in the year of 2017 in the global enriched flour market and it is estimated to retain its dominance throughout the forecast period of 2017-2023. The growth of the North America region is anticipated to be driven by the various factors. Continuous product innovation is one of the major factors for the growth of the market. Rapid advancements have been noticed in the flour products starting from the various inclusions of raw materials to packaging. Various factors such as taste, quality and source of flour are critical factors for enriched flour market. However, Asia Pacific region is projected to expand at a high pace of 7.86% during the forecast period of 2017-2023. The growth of the enriched flour market in Asia Pacific region is anticipated to be driven by various factors. Increasing population in developing economies of Asia Pacific is considered to be the key factors for the rising growth of enriched flour in the Asia Pacific region. Also, the increasing per capita disposable income of the consumers in the developing countries is anticipated to fuel the sales of ready to eat food products which in turn escalates the sales of enriched flour in the Asia Pacific region.
The leading market players in the Global enriched flour market primarily are Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Associated British Foods PLC (U.K), Ingredion Incorporated (U.S.), The Hain Celestial Group, Inc. (U.S.), General Mills, Inc. (U.S.), Bunge Limited (U.S.), The Scoular Company (U.S.), Parrish and Heimbecker, Limited (Canada), Knappen Milling Co (U.S.), The Caremoli Group (Italy), SunOpta (Canada), Limagrain (France), AGRANA Beteiligungs-AG (Austria), Unicorn Grain Specialties B.V. (The Netherlands)
- Enriched flour manufacturers
- Flour manufacturers
- Food and Beverage Industry
- Retailers and wholesalers
- Traders, importers, and exporters
- The Global enriched flour market is projected to reach USD 109.62 billion by 2023 at a CAGR of 7.22%
- Asia Pacific region is expected to witness highest growth rate of 7.86% during the forecast period of 2017-2023
- Bakery & confectionery segment is estimated to account for the significant market proportion in the global enriched flour market and the segment is estimated witness a substantial growth rate of 7.54% during the forecast period.
The reports also cover region-level analysis:
- North America
? Rest of Europe
- Asia Pacific
? Australia & New Zealand
? ASEAN Countries
? Rest of Asia Pacific
- Latin America
- Middle East & Africa
? Middle East